Data from the union steel ministry shows that consumption of finished steel in the country rose a mere 3.9 per cent to 54.8 million tonne (mn t) in Apr-Dec 2012 from 52.7 mn t in the year-ago period. Industry watchers attribute the muted growth in steel consumption to the subdued demand from the end-use
Tag: Construction
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IWAI mulls 2 more jetties in Assam
Inland Waterways Authority of India (IWAI) plans to construct two additional jetties on Brahmaputra River at Dhubri and Hatsingimari, in Assam at a cost of atleast Rs 70 crore. The authority may ask Central Public Works Department (CPWD) to construct the jetties. However, it is not known whether proper technical feasibility report and
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Consultant suggests to accept bid for Rs 37 bn terminal project
According to media reports, the consultant for the Rs 3,700-crore mega container terminal project in Chennai Port (ChPT) advised the port to accept the revenue share offered by Essar Ports. Essar Ports, which was the lone bidder for the project, offered 5.25 percent revenue share, which the port considers to
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Oil India appoints consultant for 2.5 mn t LNG project
According to company sources, Oil India (OIL) has appointed a consultant to prepare report on its proposed
2.5-million tonne (mn t) liquefied natural gas (LNG) receiving terminal in the country. Geneva-based Foster Wheeler AG is said to be the firm that bagged the consultancy contract for the project, which marks OIL's foray into imported gas. With the proposed LNG terminal, the company will join
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RINL chief informs delay in expansion project
AP Chowdhary, Chairman and Managing Director of the Rashtriya Ispat Nigam (RINL) informed that there was some delay in the execution of the expansion project of the firm from 3 million tonne to 6.3 million tonne. He said this while delivering the key-note address at the inaugural session of the one-day seminar on eme
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Road construction sector on the path of recovery
Industry players feel that the road construction sector is on the path to recovery with the government announcing new norms for road development. It is learnt that the improvement in the project award and execution has caused a sudden surge in demand for construction machinery, building material machines, mining machines and construction
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GVK awards Rs 19.8 bn order to L&T
GVK project and Technical Services awarded a Rs 1,985 crore contract to the infrastructure IC (independent company) of L&T Construction. In a press statement, the company said the order was part of the Rs 2,503 crore fresh contracts secured by it across various segments
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Rajasthan to get nod for Rs 4,355 cr road project
For Rajasthan, the Union Government is likely to approve a Rs 4,355 crore project for construction of 1,300 km roads, Union Minister for Road Transport and Highways C P Joshi said on November 18. The construction of 1,869-km long roads in the state was completed at a cost of Rs 12,000 crore and work on an additional 1,243-km is underway, he said at a function in Jaipur.
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Work to restart soon on Trichy’s road overbridge
Construction of the road overbridge across the railway level-crossing on the Oyamari road in Tiruchirapalli city, which had come to a halt over the past few months, is set to resume soon. The bridge project was sanctioned at a cost of Rs.28.50 crore. It will connect Chinthamani area of the city with the Chennai Bypass Road.
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Vizag Port’s proposed berth project may cost Rs 4 bn
According to media reports, the proposed second container berth project at Visakhapatnam port may cost
Rs 3